Billionaire investor Carl Icahn has released a new video below that warns of dire consequences coming for financial markets from low interest rates which ‘should have been raised six months ago’ but now the ‘Fed is boxed in a corner’.
He is ‘the most hedged he’s been for years’ and says stocks are ‘going to go down a lot’.
14:45 minute video below:
About Carl Icahn:
As a leading shareholder activist, Carl Icahn’s efforts have unlocked billions of dollars of shareholder and bondholder value and have improved the competitiveness of American companies. He and his affiliated companies currently own businesses in a wide range of industries, including real estate, telecommunications, transportation, industrial services, oil refining and manufacturing. Companies in which he and his affiliates currently own majority positions include American Railcar, XO Communications, PSC Metals, Tropicana Entertainment, Viskase Companies, CVR Energy, WestPoint Home, Icahn Enterprises LP, and Federal-Mogul. He and his affiliated companies also own stakes in many other public companies. Icahn Enterprises LP, his flagship company, has acquired many of these positions. Carl Icahn’s website HERE